Key features of the capped product are:
- +0.30% Base Rate Tracker to 31/03/12 (current applied rate 5.55%)
- Rate capped at 5.69% until 31/03/12
- £199 booking fee, £650 arrangement fee
- Free valuation & remortgage transfer service
- Daily interest
- No overhanging Early Repayment Charge (ERC) (ERC – 4% of balance repaid to 31/03/12)
- Up to 95% loan-to-value
